The Executive Committee of the Central Board of Directors (ECCB) of State Bank of India at its meeting held today has accorded final approval, for divestment of SBI stake in UTI AMC upto 8.25% through IPO by way of offer for sale of upto 1,04,59,949 equity shares (the "Offered Shares"), subject to the approval of the Securlties and Exchange Board of India ('SEBI'), and/or such other concerned authorities and departments.
Shares of STATE BANK OF INDIA was last trading in BSE at Rs.341.9 as compared to the previous close of Rs. 336.2. The total number of shares traded during the day was 1135521 in over 15338 trades.
The stock hit an intraday high of Rs. 342.95 and intraday low of 331.9. The net turnover during the day was Rs. 383386007.